GACM Technologies Limited — M&A Activity 2020

Jul 8, 2020

CIN: U30009WB2000PLC091674 SEBI Authorised Merchant Banker SEBI Registration No.: INM 000010536

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ASHIKA CAPITAL LTD

July 08, 2020 ACL: MUM: 2020-21: 0014

To To The Corporate Relations Department, The Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Dalal Street, Mumbai - 400 001. Bandra-Kurla Complex, Bandra (E), Mumbai 400 051. Scrip Code: 531723 & 570005 Scrip Code: STAMPEDE & SCAPDVR

Dear Sir/Madam,

Sub: Open offer to the Public Shareholders of Stampede Capital Limited (“Target Company”), by Jonna Venkata Tirupati Rao (“Acquirer”) together with Gayi Adi Management and Trends Private Limited (“PAC”) in its capacity as a person acting in concert with the Acquirer (“Open Offer” or “Offer”)

With regard to the captioned Open Offer, the Acquirer and PAC have appointed Ashika Capital Limited as the Manager to the Offer pursuant to and in accordance with Regulation 12(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“ SEBI (SAST) Regulations ”).

Pursuant to and in compliance with, inter alia , Regulations 3(1) and 4 read with Regulations 13(1) and 15(1) and other applicable regulations of the SEBI (SAST) Regulations, the Acquirer together with the PAC is making the Open Offer for acquisition of up to 7,44,28,650 (Seven Crore Forty Four Lakh Twenty Eight Thousand Six Hundred Fifty only) shares consisting of 5,95,42,920 (Five Crore Ninety Five Lakh Forty Two Thousand Nine Hundred and Twenty only) fully paid-up equity shares of face value of INR 1 (Indian Rupee One) each (“ Equity Shares ”) and 1,48,85,730 (One Crore Forty Eight Lakh Eighty Five Thousand Seven Hundred Thirty only) fully paid-up differential voting right shares of face value of INR 1 (Indian Rupee One) each (“ DVR Shares ”) of the Stampede Capital Limited (“ Target Company ”), representing 26% (twenty six percent) of the Voting Share Capital, from the Public Shareholders of the Target Company.

In accordance with Regulation 14(1) of the SEBI (SAST) Regulations, please find enclosed a copy of the public announcement dated July 08, 2020 (“ Public Announcement ”) for the Open Offer.

All capitalized terms not defined herein shall have the meaning as ascribed to them in the Public Announcement.

Kindly take the above information on your records and upload the Public Announcement on your website at the earliest.

Thanking you,

Yours sincerely,

For Ashika Capital Limited

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Narendra Kumar Gamini Vice President-MBD

Enclosure: As Above

Registered Office: Corporate Office: Trinity, 226/1, A.J.C Bose road 1008, 10[th] Floor, Raheja Centre 7[th] Floor, Kolkata 700 020 214, Nariman Point, Mumbai- 400 021 Tel.: +91 33 4010 2500 Tel.: +91 22 6611 1700 Fax.: +91 33 4010 2543 Fax.: +91 22 6611 1710

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